PASOK-Movement for Change (KINAL) spokesperson Kostas Tsoukalas criticized the government's new labor bill will condemn working people to receiving very low pensions in the future.

The law up to now relieved overtime and bonuses from insurance payments, Tsoukalas said.

"This had a reasoning behind it, because it provided an incentive to businesses to declare overtime, which they were not declaring fo far. But the changes contemplated by the government will allow what is a voluntary bonus to be relieved of insurance payment," he noted. This would mean that most work contracts being drawn up "will include abusive conditions, which would term a large segment of regular wages as a voluntary contribution," the PASOK-KINAL spokesperson said.

He added as example what he said was already a practice, with employers providing 1,000 euros as voluntary contribution instead of a monthly wage. "If this does not include insurance payments, it means that everyone in the future will receive meager pensions." Tsoukalas said.